Teradyne amends bylaws to adopt universal proxy rules and update nomination procedures

TERADYNE, INC

Board approved Amended and Restated Bylaws effective March 24, 2023.
Stockholder nominations require advance notice 60–90 days before the meeting.
Nominees must comply with SEC Rule 14a-19 and use a non-white proxy card.
Stockholders must represent intent to solicit proxies or lose nomination rights.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

TERADYNE, INC: Updated procedural requirements for director nominations by stockholders to comply with SEC's universal proxy rules and other administrative changes (effective 2023-03-24).

Change: bylaw amendment
Effective: 2023-03-24

Exact text from the filing

On March 24, 2023, the Board of Directors (the “Board”) of Teradyne, Inc. (the “Company”) approved the Company’s Amended and Restated Bylaws (as so amended and restated, the “Amended Bylaws”), effective as of such date. Among other matters, the Amended Bylaws update certain procedural requirements related to director nominations by stockholders in light of the recently adopted “universal proxy” rules of the U.S. Securities and Exchange Commission (the “SEC”) and reflect certain other administrative changes due to the adoption of the “universal proxy” rules.

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TERADYNE, INC filing history →

Source: SEC EDGAR

accession 0001193125-23-082173

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